v3.26.1
Fixed Assets
6 Months Ended
Jun. 30, 2026
Fixed Assets  
Fixed Assets

Note 5 – Fixed Assets

Fixed Assets consisted of the following:

June 30, 

December 31, 

  ​ ​ ​

2026

  ​ ​ ​

2025

Tooling and Manufacturing Equipment

$

11,355,066

$

10,348,958

Leasehold Improvements

 

3,000,122

 

2,809,745

Computers and Purchased Software

 

707,414

 

612,524

Furniture and Equipment

 

2,591,376

 

2,502,286

 

17,653,978

 

16,273,513

Less: Accumulated Depreciation

 

(9,397,077)

 

(8,647,275)

Fixed Assets, Net

$

8,256,901

$

7,626,238

Total depreciation expense for fixed assets for the three months ended June 30, 2026 and 2025, was $385,164 and $227,820, respectively. Total depreciation expense for fixed assets for the six months ended June 30, 2026 and 2025, was $749,802 and $723,840, respectively.

As of June 30, 2026 and December 31, 2025, there were $2,686,203 and $2,602,784, respectively, of manufacturing fixed assets that are not yet placed into service and, therefore, are not currently being depreciated.